Uzbekistan: Check Valve Market 2024

Check Valve Market Size in Uzbekistan

The Uzbek check valve market soared to $X in 2021, increasing by 58% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a significant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Check Valve Exports

Exports from Uzbekistan

In 2021, after two years of growth, there was significant decline in shipments abroad of check valves for pipes, boiler shells, tanks and vats, when their volume decreased by -62.6% to X units. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 2,784%. As a result, the exports reached the peak of X units, and then dropped rapidly in the following year.

In value terms, check valve exports reduced markedly to $X in 2021. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by 3,069% against the previous year. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Germany (X units) was the main destination for check valve exports from Uzbekistan, with a 61% share of total exports. Moreover, check valve exports to Germany exceeded the volume sent to the second major destination, Kyrgyzstan (X units), fourfold. The third position in this ranking was taken by Russia (X units), with an 8.8% share.

From 2017 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+12.8% per year) and Russia (-13.4% per year).

In value terms, Germany ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Uzbekistan, comprising 76% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports. It was followed by Kyrgyzstan, with a 4.7% share.

From 2017 to 2021, the average annual rate of growth in terms of value to Germany amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-41.4% per year) and Kyrgyzstan (-0.8% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, shrinking by -53.3% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2020, and then reduced markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+40.8%), while the prices for the other major destinations experienced a decline.

Check Valve Imports

Imports into Uzbekistan

In 2021, approx. X units of check valves for pipes, boiler shells, tanks and vats were imported into Uzbekistan; jumping by 128% compared with 2020 figures. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 827%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, check valve imports skyrocketed to $X in 2021. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 245% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest check valve supplier to Uzbekistan, with a 66% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Russia (X units) ranked third in terms of total imports with a 9% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from China stood at +168.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+241.2% per year) and Russia (+223.8% per year).

In value terms, China ($X), Russia ($X) and Turkey ($X) constituted the largest check valve suppliers to Uzbekistan, with a combined 72% share of total imports.

In terms of the main suppliers, Russia, with a CAGR of +200.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average check valve import price stood at $X per unit in 2021, reducing by -30.8% against the previous year. Over the period under review, the import price recorded a dramatic decline. The most prominent rate of growth was recorded in 2019 an increase of 19%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+46.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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